Aptos Real Estate Report August 2014

The median home price in Aptos in July 2014 was $820,000 – that’s up a healthy 11.56% from a year ago, and up 9.48% from the prior month, when the median price was $749,000.

The sales volume was healthy: 35 homes sold, which was the same number as sold a year ago in July 2013. The sales-to-list-price ratio was a little weak: sellers received 96.35% of full asking price on average, compared to a year ago when sellers got 98.18% of full asking price on average. Homes sold in an average of 79 days, a bit longer than a year ago, when they sold in 61 days on average.

If you’re looking to sell your home, now is a great time: as of today, there are just 110 homes on the market, but of those, 33 are under contract, meaning just 77 homes are available for purchase. That works out to about 3.5 months worth of inventory – still, a strong seller’s market.

When it comes to condos and townhouses, 9 closed escrow in July, with a median price of $686,000 – which represents a big jump of 97% compared to a year ago, when the median price was $348,500. It should be noted, though, that a lot of units which sold in July were ocean-view condos located along Rio del Mar Boulevard.

There are presently 48 condos and townhouses on the market, and of those, 12 are under contract with 36 available. That works out to about a 4.5 month supply of condos and townhouses – still a seller’s market, and a better market for sellers than the previous month, when there was a 5.5 month supply of inventory.

What’s YOUR Aptos House Value?

Interested to know what your Aptos house is worth in todays’ real estate market? Then head over to AptosHomeValues.com for an instant, on-line evaluation of your Aptos home’s value.

What Your Money Buys You – Houses

While the median price for homes in Aptos in July 2014 was $820,000, the least expensive home went for $325K and the most expensive went for $2.71 million. Here’s what that kind of money buys you in Aptos today:

What Your Money Buys You – Condos

While the median price for condos in Aptos in July 2014 was $686,000, the least expensive unit sold for $325K and the most expensive went for $891,500. Here’s what that kind of money buys you for an Aptos condo/townhouse today:

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